Required information The following information apgies to the questions displaytd belowl Onslow Company purchased a used machine for $192.000 cash on January 2. On Jantary 3, Onslow paid 56,000 ta wire efectricity to the machine. Onslow pad an additional \$1200 on January 4 to secure the machine for operation. The machine will be used for s x years and have a $23,040 salvage value. Svaight-line depveclation is used, On December 31 , at the end of its finth yeat in opetations, it is disposed of. Prepare joutnal enties to record the machine 5 disposal under eech separate situation (a) it is sold for 522,500 cash and (BS in is old for $90,000 cosh. Journal entry worksheet Fecord the sale of the used machine for 522,500 cast. Mate thter de bas before uedas Journal entry worksheet Record the sale of the used machine for $90,000 cash. Notet Enter debits before credits